Markets World Tech USA · World
S&P 500
7,713.89
+276.26   +3.71%
Live
Dow
53,927.60
+1,719.54   +3.29%
Live
Nasdaq
26,346.84
+1,224.66   +4.87%
Live
USD Index
99.94
-0.02   -0.03%
Live
Russell
3,006.53
+60.43   +2.05%
Live

Economy

Concacaf joins criticism of Fifa plan to sell off World Cup stakes to private investors

· The Guardian

Concacaf joins criticism of Fifa plan to sell off World Cup stakes to private investors
  • Association was unaware of Infantino’s plans

  • Members given 19 September deadline to opt in

Concacaf has joined Uefa in criticising Fifa’s plan to sell off stakes in the World Cup to private investors.

In a strongly worded statement the Confederation of North, Central America and Caribbean Association Football expressed deep concerns about Fifa’s governance and a lack of due process, revealing that they were unaware of the proposal to sell stakes in a new commercial entity that has been valued at $20bn (£15bn) until reading about it in the media.

Continue reading...